Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources
6 MILL ROAD is a large extended detached house of 101m², built sometime between 1967 and 1975. It was last sold for £300,000 in February 2021, which was around 25% below the average February 2021 detached price in the West Suffolk local authority area. The most recent EPC inspection was February 2012, where the current energy rating was C, and the potential energy rating was C.
Land registry data shows three sales for 6 MILL ROAD since 1st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. All of the three 6 MILL ROAD sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).
Date | Price | HPI Price | Variation from HPI |
---|---|---|---|
2021 11 FEB | £300,000 | £400,953 | 25% below HPI |
2012 14 AUG | £203,000 | £267,212 | 24% below HPI |
2006 6 NOV | £177,000 | £260,833 | 32% below HPI |
The below graph shows the average detached house price in the West Suffolk local authority area over time, sourced from the HPI. The three 6 MILL ROAD sales between November 2006 and February 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2012 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the February 2021 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.
6 MILL ROAD is 101m², which includes one extension, according to the EPC inspection conducted in February 2012. This puts it in the largest 40% of detached houses in Lakenheath, based on EPC data. The below chart shows the distribution of detached houses by size in Lakenheath, and where 6 MILL ROAD lies on this distribution: 62% of detached houses are smaller than 6 MILL ROAD, and 38% of houses are larger. Note that EPC data is not available for all properties in Lakenheath.
6 MILL ROAD sits on a plot of roughly 0.119 of an acre, or 481m². The below map shows the location of 6 MILL ROAD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 6 MILL ROAD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.
6 MILL ROAD is located in LAKENHEATH, in the IP27 postcode district. The below map shows the position of No. 6 on MILL ROAD.